Business

This brief essay assesses the opportunities of starting a new business during economic depressions and tough business times. Several examples have been cited of businesses that started during economic ‘tough times’, and yet grew up to conquer the market.True to the adage, the darkest hour is the one just before dawn, business opportunities abound mostly […]

Planning function of management at World.com is dependent on information and configuration of virtual resources. Because of the spans of time, distance, and authority, management cannot personally oversee all activities. For instance, it is impossible to evaluate personally the performance of call center operators spread over a widely diversified geographic area, management must rely on […]

What is planning? Planning means the process of deciding to do and how to do a project. Planning occurs at different levels of projects individually as well as collectively. Planners being the professional help the decision makers and never decide themselves. The purpose of planning can be best demonstrated from two different sources. Long terms […]

Occupational safety is paramount in any working environment. In his studies, “Effective training: A case study from the oil and gas industry” Eliane postulates how culture can be used to evaluate workers and train them accordingly. He establishes some of the dominant cultures and how they affect employees in the job place (Cullen, 2001). Virtually, […]

The purpose of this paper is to discuss the external and internal factors affecting Orica’s management functions. This will be accomplished by explaining how Orica Company has been able to deal with each internal and external environmental factor that affects the company. The external environment assessment of Orica has been conducted after the internal environment […]

Human Resource Management (HRM) strategic planning is defined as an integrated process of identifying present and future needs of stakeholders and employees for the achievement of general strategies and missions of an organization (Condrey 2010). It is the direct link between the Human Resource management, organizational systems and the strategic plans to ensure that the […]

Budget planning involves the process of establishing the source of income and accounting for all current and anticipated expenses, with target of attaining financial objectives. They drive of any budget plan is to ensure savings after budgeting for spending. Swart () defines budget as a plan and control mechanism whereby plan is presented in financial […]

The external environment of a business affects all its decision. Changes in the business environment of businesses create both opportunities and constraints for the business. They stem from various sources including economic, social, technological, legal and political factors. Different firms will be affected by different factors, but all will be subject to economic changes. Markets […]

The marketing mix is a marketing tool. It is a checklist. It focuses attention on the various elements of marketing needed to carry out the marketing strategy. It consists of four factors (product, price, promotion and place) cemented together by effective market research. I am going to use these factors to persuade people to use […]

Bacardi is a dominant player in the European Ready to Drink (here after: ‘RTD”) market. The current market situation as well as macro economic developments and market research support the managements decision to target a new market segment: women aged 25-39. The market for RTD’s has been growing rapidly in recent years. From our market […]